Economy

“Gold Gives You Extremely Important Signals”. An Interview with David P. Goldman by Lars Schall

David P. Goldman / Spengler, “the world’s most brilliant intelligence service,” discusses in this exclusive interview some of his thoughts on various aspects related to gold. Inter alia, he explains why he supports a commodity price rule for monetary policy that is connected to the yellow metal.David P. Goldman, in our view one of the most outstanding and relevant essayists of this time and age, has been in the past the global head of the fixed income research department at Bank of America (2002-2005) and global head of credit strategy at Credit Suisse (1998-2002). In addition, he worked in senior positions at Bear Stearns, Cantor Fitzgerald, and Asteri Capital. Today he runs the consulting service Macrostrategy……… Read more >>>>

It’s The Interest, Stupid! Why Bankers Rule The World

Ellen Brown – In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system. .………… Read more >>>>>

Venezuela Debates Currency Devaluation while Impact Remains Unclear

Ewan Robertson (Venezuelanalysis.com) There has been much debate in Venezuela over the causes and likely consequences of last Friday’s currency devaluation, while the concrete political and economic impact remains to be seen. The Venezuelan government’s decision to devalue the Bolivar by 32%, from 4.3 to 6.3 Bolivars to the dollar, was a measure seen as inevitable by many economists after the Bolivar fell to under a quarter of its official value on the black ……. Read more >>>>

US stocks slump amid mixed economic data

NEW YORK. – US stocks traded in the negative zone last week amid jobs and productivity data and remarks from two regional Fed presidents. Traders believed that with the earnings season winding down, the market needs to focus on other positive catalyst and macro issues to push the market higher. Kenneth Polcari, director of NYSE Floor Operations at O’Neil Securities Inc, predicted the stock market will move in a churning way. Meanwhile, Chicago Fed President Charles Evans said in an interview with CNBC last Thursday morning that the Federal Reserve had appropriate policies in place now and the Fed needs to continue the current quantitative easing for six months to a year..….. Read more >>>>

What’s really key for the price formation of gold?

By Lars Schall – In this exclusive interview for Matterhorn Asset Management, Robert Blumen discusses some important but widely misunderstood elements acting on the gold price. He explains that frequently cited gold demand statistics have no relationship to the gold price. In addition, he explains that the annual gold mine production is of very little influence, as gold is hoarded, not consumed like other commodities. The following exclusive interview was conducted for and published at the web site of GoldSwitzerland in Zurich.

Robert Blumen was born in 1964 and grew up in Boulder, Colorado, United States. He is a graduate of Stanford University in physics and the University of California Berkeley in engineering. He lives in San Francisco, United States where he works in the technology sector as a software engineer, specializing in server applications and the architecture of scalable systems. He has maintained a lifelong interest in the Austrian School of Economic Thought and is an avid reader in economics and finance. His writings on gold……… .. Read more >>>>

Cancer of Corruption, Seeds of Destruction: The Monsanto GMO Whitewash

Because of the power vested in the EU Commission in Brussels, Belgium, with command over a space encompassing 27 nations with more than 500 million citizens and the largest nominal world gross domestic product (GDP) of 18 trillion US dollars, it’s perhaps no surprise in this era of moral promiscuity that powerful private lobby groups such as the tobacco industry, the drug lobby, the agribusiness lobby and countless others spend enormous sums of money and other favors—legal and sometimes illegal—to influence policy decisions of the EU Commission.

This revolving door of corrupt ties between powerful private industry lobby groups and the EU Commission was in full view recently with the ruling of the European Food Safety Administration (EFSA) trying to discredit serious scientific tests about the deadly effects of a variety of Monsanto GMO corn. ……. Read more >>>>

French Africa Policy Damages African and European Economies.

Bleeding Africa and Feeding France – The Face of French Modo-Colonialism.

(German) By Christof Lehmann – Since the independence of the former French colonies in western Africa they are in spite of the richness of their natural resources and the productivity of their populations still catastrophically under-developed. In 2007 the French and European economies began deteriorated into a devastating recession. France seems to be like a man who is standing at the edge of a cliff, transfixed by the thought of falling into the abyss. In fear of losing the lucrative racket of controlling the western African economies he forgets that there is Terra firma and a possibility for both French, European and African prosperity behind him. Africans and leading European politicians expected that the administration of President Hollande wou. …….. Read more >>>>

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